Posts Tagged ‘press-release’

As I described in this article from February 2009 , the trustees of the Leona Helmsley charitable trust asked the probate court in New York for permission to donate primarily to charities that helped people rather than dogs, despite some language in the trust that suggested she wanted her billions to benefits animal charities.

Specifically, the trust had a Mission Statement that included, as its first purpose “the provision of the care for dogs”. But it also gave the trustees discretion to benefit charities as they saw fit. This is a very important decisions for many charities (not to mention the people or animals they help) because we’re talking about several billion dollars.

This August, several different animal charities, including the Humane Society and American Society for Prevention of Cruelty to Animals, launched a legal challenge to the judge’s ruling to force the trustees to support animal charities. Reportedly, the trustees so far have donated very little to help dogs. There was a big question whether these charities even had proper “standing” to bring this action (meaning whether or not they had the legal ability to challenge the judge’s ruling even though they were not named beneficiaries). So far, their challenge has been allowed to proceed. In fact, a couple weeks ago,

Go here to read the rest: Leona Helmsley charity battle rages on

Posted by: Author and probate attorney Andrew W. Mayoras, co-author of Trial & Heirs: Famous Fortune Fights! and co-founder and shareholder of The Center for Probate Litigation and http://www.brmmlaw.com/in metro-Detroit, Michigan, which concentrate in probate litigation, estate planning, and elder law. You can email him at blog @ trialandheirs.com.

Celebrity estate battles just keep coming. Here's the UPI article about the latest in a long line of court cases involving dueling heirs of the rich and famous . Best selling author Michael Crichton (writer of ER and Jurassic Park) left behind a messy estate and trust because he failed to update his estate planning documents to provide for his son, not yet born when he died of cancer at age 66. I wrote about the problems this caused in a prior article . Then his estate had to contend with the claim of his wife, Sherri Alexander, who filed paperworking seeking seven million dollars from his estate under a prenuptial agreement she signed with her famous husband in April 2005, before their marriage. But the real fight just began. A few days ago, Crichton's daughter, Taylor Crichton, filed a petition in the Los Angeles Probate Court to remove Sherri as one of the three trustees of Crichton's trust, claiming she's breached her fiduciary duties. Sherri's attorneys issued a press release to publicly criticize Taylor's legal maneuvering. They pointed out that it is not a breach of fiduciary duty for someone to serve both as trustee and beneficiary at the same time (which does happen regularly). The press release also addresses how Sherri filed to allow her son to be included as an heir, despite language of Crichton's will disinheriting any children born after his will was written. It sure seems like how much the 8-month old baby gets will be one of the central issues fought over in this new legal battle. Fighting over control of estates and trusts doesn't just happen to the wealthy. In fact, they are partcularly common in second-marriage situations (or fifth-marriage situations like Crichton's). That's why doing the proper estate planning is extra important for those families. It's crucial for people who are worried about their spouses and children fighting to think long and hard about appointing a neutral trustee and estate executor, to help avoid disputes like this one. That's just what Senator Ted Kennedy did (as recently revealed when his will was publicized ). To learn more about Senator Kennedy's choice — and why he should be commended for making it — along with other ways to help your family avoid a fight, keep an eye out for Trial & Heirs: Famous Fortune Fights!, which is coming out in a few weeks. Posted by: Author and probate attorney Andrew W. Mayoras, co-author of Trial & Heirs: Famous Fortune Fights! and co-founder and shareholder of The Center for Probate Litigation and The Center for Elder Law in metro-Detroit, Michigan, which concentrate in probate litigation, estate planning, and elder law. You can email him at blog @ trialandheirs.com.

Then his estate had to contend with the claim of his wife, Sherri Alexander, who filed paperworking seeking seven million dollars from his estate under a prenuptial agreement she signed with her famous husband in April 2005, before their marriage.

But the real fight just began. A few days ago, Crichton's daughter, Taylor Crichton, filed a petition in the Los Angeles Probate Court to remove Sherri as one of the three trustees of Crichton's trust, claiming she's breached her fiduciary duties.

Sherri's attorneys issued a press release to publicly criticize Taylor's legal maneuvering. They pointed out that it is not a breach of fiduciary duty for someone to serve both as trustee and beneficiary at the same time (which does happen regularly). The press release also addresses how Sherri filed to allow her son to be included as an heir, despite language of Crichton's will disinheriting any children born after his will was written. It sure seems like how much the 8-month old baby gets will be one of the central issues fought over in this new legal battle.

Fighting over control of estates and trusts doesn't just happen to the wealthy. In fact, they are partcularly common in second-marriage situations (or fifth-marriage situations like Crichton's). That's why doing the proper estate planning is extra important for those families.

It's crucial for people who are worried about their spouses and children fighting to think long and hard about appointing a neutral trustee and estate executor, to help avoid disputes like this one. That's just what Senator Ted Kennedy did (as recently revealed when his will was publicized).

To learn more about Senator Kennedy's choice — and why he should be commended for making it — along with other ways to help your family avoid a fight, keep an eye out for Trial & Heirs: Famous Fortune Fights!, which is coming out in a few weeks.

Posted by: Author and probate attorney Andrew W. Mayoras, co-author of Trial & Heirs: Famous Fortune Fights! and co-founder and shareholder of The Center for Probate Litigation and http://www.brmmlaw.com/in metro-Detroit, Michigan, which concentrate in probate litigation, estate planning, and elder law. You can email him at blog @ trialandheirs.com.